Housing Starts Rise Sharply In 2012's Final Month
From The Capital Spectator
January 17, 2013 - 10:13am
New residential construction in December rose substantially more than expected, posting a 12.1% increase last month (seasonally adjusted annual rate). Yours truly and several consensus forecasts were looking for a solid but considerably lesser growth rate of around 3.0%, as I noted yesterday. The key point, of course, is that the housing recovery remains on track, as today's update reminds in...
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